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Headline Verdana Bold
Navigating the Age of DisruptionTERRY STUART Partner, Chief Innovation Officer, Deloitte Canada
Risk Aversion
June 2011
1
Growth
October 2012
2
Investment
June 2013
3
Exports
May 2014
4
Our Future of Canada Series explores
5 Key Aspects of Productivity & Innovation
Disruption
June 2015
5
Highly Prepared
13%
Not Fully Prepared
87%
Source: Business Preparedness Survey, Deloitte, 2015 & 2018
2015
80%
20%TODAYHighly Prepared
Not Fully Prepared
42%say they’re
investing in
innovative
solutions
19%
actually have
processes in
place to test
and scale
innovations
but only…
More than, 16% publicly traded companies in Canada are ZOMBIES
zom·bieˈzämbē/
Adjective A mature firm more than 10 years old that lack sufficient revenue to cover interest payments on their debt.
(OECD)
Source: The Infinite Organization, Deloitte, 2018
Simon Pegg “Shaun”, Shaun of the Dead
Canada’s zombie problem
WHY?
Why is this incremental growth concerning?
Over the past few decades information technology has been driving cost down exponentially
$101 (1975)
Cost of launching 1kg to space
Cost of smartphones
Cost of internet access
Cost of sequencing a human genome
Cost of solar panel (per watt)
$0.32 (2018)
$600(2018)
$3B (1991)
Digital Darwinism: Lessons learned from disrupted industries© Deloitte LLP and affiliated entities. 9
“By 2022 it will be cheaper to sequence a human genome
than to flush a toilet.”-Raymond McCauley, Chair of Digital Biology, SingularityU
As prices drop, performance increases
1 MILLION (1970)
Internet users
Online devices (IoT)
PB of generated Data
Global Solar Panels
30+ BILLION (2030)
IT’S NO LONGER A MATTER OF WHAT IF - IT’S A MATTER OF WHEN
TRANSPORTATION
CONSTRUCTION LEGAL HEALTHCARE
ENERGYTELECOM
REAL ESTATE
FINANCE
Changing industries and creating new ones
Exponential organizations
OpportunitiesNew innovations
Emergence of new models for customer & channel value
Steady stream of “Core” capabilities progressing linearly
Linear trend
Exponential trend
TIME
If tip off is at 9pm…
(That doesn’t even getyou through the secondquarter!!)
At what time do you have to be out of the stadium because the water will have reached your seat at the very top?
9:40pm
=0.05 ml
=61,780,500,000 ml
But first, we must understand the disruptive nature of exponential growth
B lockcha in
Autonomous Veh i c l es
Nanotechno logy
V i r tua l & Augmented
Rea l i ty
Cyber Secur i ty
Robot i c s
Advanced Manu fac tu r ing
IoT
Robot i c P rocess Au tomat ion
Ar t i f i c i a l In te l l i gence
Crowdsourc ing
Quantum Comput ing
Genomics
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Robotics
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Meet Atlas…
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18© Deloitte LLP and affiliated entities. 18
Now the world’s most dynamic humanoid
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19© Deloitte LLP and affiliated entities. 19
20 | Copyright © 2017 Deloitte Development LLC. All rights reserved.
What vital industry is experiencing disruption?
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Pizza robots could mean 5 min delivery
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Creating a platform for selling and licensing
Disrupting the food delivery model
Killer co-CEO comboJulia Collins and Alex Garden
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Softbank recently invested $375M in Zume
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Artificial Intelligence
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25© Deloitte LLP and affiliated entities. 25
Knowledge representation and reasoning
Speech recognition
Robotics
Planning and scheduling
Computer vision
Natural language processing
Applications of AI
Terry Stuart @ C2 Montreal 27
Marketers are leveraging crowdsourcing and facial recognition liketo assess new commercials
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Technological disruption will affect all jobs making ethics, digital literacy and human-
centric skills indispensable.
The inevitable…
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Creation Effect
The intelligence revolution – Future-proofing Canada’s workforce29
Productivity Effect
Destruction Effect
Technological advancement impacts
the labour market through…
Nu
mb
er o
f Jo
bs
Past
Industrial
Revolutions
have been
labour
augmenting
in the
long term
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Think Tanks
Influencers
Federal
Provincial
Municipal
Programs
Experts
Clients
Start-Ups
Partners
Vendors / Suppliers
Speak
Host
Sponsor
Attend
Innovative CompaniesGovernment
Community
Member Firms
Competitors
Investment Community
Incubators / Accelerators
Education institutions
ThoughtLeaders
Organized NetworksConferences
Media
INNOVATION ECOSYSTEM ENGAGEMENT
Be a leader. Invest in ecosystems.
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Think exponential, ask yourself…
How do we prepare for the various policy changes that will result from exponential technologies?
1
How does my organization build a continuous sensing engine?
2
What are you, personally, and your organization doing to prepare for the future of work (e.g. digital literacy, human centric skills)?
3
How am I going to be more awake, purposeful and engaged in the work that I do?4
Schedule a test drive
Buy an ecobee3 thermostat
Watch Black Mirror
Buy smart glasses from By North
Experience AI with Google Quick Draw
Tour a start-up incubator/ accelerator
Attend SingularityU Global SummitAugust 19-21st
Constructive disruptor roadmap
Read Factfulnessby Hans Rosling
Thank you!
SEE THE PRESENTATION
AgeOfDisruption.xyz
Presentation code: InnovationConference
